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Automotive High-precision Positioning Market Share

Report ID: GMI10971
Published Date: Aug 2024
Report Format: PDF

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Automotive High-precision Positioning Market Share

Bosch Group and Continental AG dominate the market with around 10% market share. Bosch focuses on integrating advanced driver-assistance systems (ADAS) with high-precision positioning technologies including GNSS and radar, aiming to provide comprehensive safety and navigation solutions. Their investment in autonomous driving technologies and smart city infrastructure further solidifies their market position. Bosch also emphasizes collaborations with automotive manufacturers to tailor solutions for specific needs and regulatory requirements.

Continental AG is advancing its positioning by developing cutting-edge sensor technologies and integrating them into its vehicle control systems. They are also focusing on expanding their portfolio to include solutions that support electric and autonomous vehicles. Continental’s strategy involves strategic alliances with technology partners and investments in R&D to enhance the accuracy and reliability of their positioning systems, catering to the evolving demands of the automotive industry.

Automotive High-precision Positioning Market Companies

Major companies operating in the automotive high-precision positioning industry are:

Aptive PLC
Bosch Group
Continental AG
Denso Corporation
Garmin Ltd.
Hexagon AB
ON Semiconductor
Qualcomm Technologies, Inc.
STMicroelectronics
Trimble Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive high-precision positioning reached USD 15.5 billion in 2023 and is set to register over 8% CAGR from 2024 to 2032, due to increasing adoption of advanced driver assistance systems (ADAS) worldwide.

The global navigation satellite systems (GNSS) segment held over 40% share in 2023, owing to its ability to enhance vehicle navigation and safety.

North America market accounted for 30% share in 2023, attributed to a surge in electric vehicles (EVs) and their integration with advanced navigation systems in the region.

Aptive PLC, Bosch Group, Continental AG, Denso Corporation, Garmin Ltd., Hexagon AB, ON Semiconductor, Qualcomm Technologies, Inc., STMicroelectronics, and Trimble Inc., are some of the major automotive high-precision positioning companies worldwide.